AIMS APAC REIT - RHB Invest 2024-05-08: Continues To Ride The Logistics Wave; BUY

• AIMS APAC REIT (SGX:O5RU)’s 2H/FY24 DPU fell short of our estimates on higher financing costs and management fees in cash.
• The key highlight continues to be its stellar portfolio rent reversions for logistics assets, which are expected to continue, albeit at a moderate pace (FY25F) with stable occupancy. Asset enhancement contributions should start to kick in later this year.
• - Read this at SGinvestors.io -

Strong rent reversions

• Strong rent reversions for 4Q/FY24 of 32%/24% were primarily driven by its Singapore logistics & warehouse portfolio which continues to benefit from strong market rent growth and its under-rented nature.
• For FY25, over half of AIMS APAC REIT's 18% of leases expiring are from logistics assets. Management guided that rental reversions will be in high single digits to low double digits.
• - Read this at SGinvestors.io -

Ongoing redevelopment of two assets; ROI of 7-8% expected.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-03-24 AIMS APAC REIT - Maintaining A Strong Positive Momentum; BUY. .

Previous report by RHB:
2024-09-09 AIMS APAC REIT - Poised For Growth; BUY.

Price targets by 2 other brokers at AIMS APAC REIT Target Prices.

Listing of research reports at AIMS APAC REIT Analyst Reports.

Relevant links:
AIMS APAC REIT Share Price History,
AIMS APAC REIT Announcements,
AIMS APAC REIT Dividend Payout Dates & Corporate Actions,
AIMS APAC REIT News